Pope Leo Needs to Read Robert Lucas

Pope Leo Needs to Read Robert Lucas

Here’s the latest data looking at how poverty has dramatically declined since the advent of capitalism, courtesy of Our World in Data at Oxford University. I wanted to begin today’s column with this uplifting data because we’re going to be focusing on how to help the...
Wealth Is Not a Fixed Pie

Wealth Is Not a Fixed Pie

One of the most destructive myths in economics is the zero-sum fallacy. Back in 2018, I shared a cartoon that sought to debunk the notion that one person getting richer meant another person had to be poorer. But I wasn’t satisfied with the...